Olivier & partners: what changed
Olivier & partners
Largest movements
- Cash -€65,221
down €65,221 (-55.3%), from €117,992 to €52,771
mainly Contributions, distributions and other (-€250,000) and Investment in fixed assets (net) (-€30,358)
- Intangible fixed assets -€36,807
down €36,807 (-25.5%), from €144,160 to €107,353
- Receivables within one year +€29,637
up €29,637 (+51.2%), from €57,941 to €87,578
of which Other amounts receivable: +€25,391
- Tangible fixed assets +€20,659
up €20,659 (+72.0%), from €28,675 to €49,335
of which Furniture and vehicles: +€29,872
- Reserves -€140,000
down €140,000 (-65.1%), from €215,000 to €75,000
- Other debts +€99,229
up €99,229 (+12,862%), from €771 to €100,000
- Current portion of long-term debt -€28,968
down €28,968 (-76.8%), from €37,743 to €8,775
- Trade debts +€20,588
up €20,588 (+747%), from €2,757 to €23,345
- Short-term financial debts -€12,894
down €12,894 (-44.1%), from €29,258 to €16,363
- Gross operating margin +€35,518
up €35,518 (+10.2%), from €349,113 to €384,631
- Staff costs +€11,814
up €11,814 (+7.1%), from €165,422 to €177,236
- Financial income +€4,347
up €4,347 (+3,593%), from €121 to €4,468
- Depreciation +€4,232
up €4,232 (+10.0%), from €42,273 to €46,506
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,033 | €299,396 | -€51,636 | -14.7% |
| Fixed assets | 21/28 | €172,835 | €156,688 | -€16,147 | -9.3% |
| Intangible fixed assets | 21 | €144,160 | €107,353 | -€36,807 | -25.5% |
| Tangible fixed assets | 22/27 | €28,675 | €49,335 | +€20,659 | +72.0% |
| Land and buildings | 22 | €21,042 | €18,558 | -€2,484 | -11.8% |
| Plant, machinery and equipment | 23 | €7,633 | €905 | -€6,729 | -88.2% |
| Furniture and vehicles | 24 | - | €29,872 | +€29,872 | |
| Current assets | 29/58 | €178,198 | €142,709 | -€35,489 | -19.9% |
| Amounts receivable within one year | 40/41 | €57,941 | €87,578 | +€29,637 | +51.2% |
| Trade receivables | 40 | €57,941 | €62,187 | +€4,246 | +7.3% |
| Other amounts receivable | 41 | - | €25,391 | +€25,391 | |
| Cash at bank and in hand | 54/58 | €117,992 | €52,771 | -€65,221 | -55.3% |
| Deferred charges and accrued income | 490/1 | €2,265 | €2,360 | +€95 | +4.2% |
| Total equity and liabilities | 10/49 | €351,033 | €299,396 | -€51,636 | -14.7% |
| Equity | 10/15 | €260,302 | €122,342 | -€137,960 | -53.0% |
| Contributions | 10/11 | €41,675 | €41,675 | = | 0.0% |
| Reserves | 13 | €215,000 | €75,000 | -€140,000 | -65.1% |
| Distributable reserves | 133 | €215,000 | €75,000 | -€140,000 | -65.1% |
| Profit (loss) carried forward | 14 | €3,627 | €5,667 | +€2,040 | +56.2% |
| Amounts payable | 17/49 | €90,731 | €177,054 | +€86,324 | +95.1% |
| Amounts payable after more than one year | 17 | €3,179 | €11,217 | +€8,038 | +253% |
| Financial debts | 170/4 | €3,179 | €11,217 | +€8,038 | +253% |
| Amounts payable within one year | 42/48 | €87,552 | €165,838 | +€78,285 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €37,743 | €8,775 | -€28,968 | -76.8% |
| Financial debts | 43 | €29,258 | €16,363 | -€12,894 | -44.1% |
| Credit institutions | 430/8 | €29,258 | €16,363 | -€12,894 | -44.1% |
| Trade debts | 44 | €2,757 | €23,345 | +€20,588 | +747% |
| Suppliers | 440/4 | €2,757 | €23,345 | +€20,588 | +747% |
| Taxes, remuneration and social security | 45 | €17,023 | €17,355 | +€332 | +1.9% |
| Taxes | 450/3 | €6,361 | €6,488 | +€128 | +2.0% |
| Remuneration and social security | 454/9 | €10,662 | €10,866 | +€204 | +1.9% |
| Other amounts payable | 47/48 | €771 | €100,000 | +€99,229 | +12,862% |
| Remuneration, social security and pensions | 62 | €165,422 | €177,236 | +€11,814 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,273 | €46,506 | +€4,232 | +10.0% |
| Other operating charges | 640/8 | €1,159 | €1,947 | +€788 | +68.0% |
| Non-recurring operating charges | 66A | - | €6,301 | +€6,301 | |
| Gross operating margin | 9900 | €349,113 | €384,631 | +€35,518 | +10.2% |
| Operating profit (loss) | 9901 | €140,259 | €152,641 | +€12,382 | +8.8% |
| Financial income | 75/76B | €121 | €4,468 | +€4,347 | +3,593% |
| Recurring financial income | 75 | €121 | €4,468 | +€4,347 | +3,593% |
| Financial charges | 65/66B | €1,520 | €4,339 | +€2,820 | +186% |
| Recurring financial charges | 65 | €1,520 | €4,339 | +€2,820 | +186% |
| Profit (loss) for the period before taxes | 9903 | €138,860 | €152,770 | +€13,910 | +10.0% |
| Income taxes | 67/77 | €37,483 | €40,730 | +€3,247 | +8.7% |
| Profit (loss) for the period | 9904 | €101,377 | €112,040 | +€10,663 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €101,377 | €112,040 | +€10,663 | +10.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.